Gold futures extended gains by more than 1.5% on Wednesday afternoon to hit a record high following strong overseas markets, with help from a weaker rupee at home, which made the dollar-quoted yellow metal expensive, dealers said.
The most-active gold for October delivery on the Multi Commodity Exchange (MCX) was trading 1.70% higher at Rs. 24,211 per 10 grams, after hitting a record of Rs. 24,233. The contract had struck a peak in the previous session.
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